Vertigo, perhaps you can help me......................
I have read through recent anns in the last few days after reading the post by Mangohippo about whether we'd paid the $100,000 penalty by 31/12/16. I have already posted on this (in this thread) however no one has responded with an answer. My main concern was that cash at 30/9 was $672k with projected cash flow to 31/12/16 $906k.
I could not find any ann where other funds have been raised or were still due, however I may have missed something. If not this would suggest the amount of $480k for expl & evaluation proposed for qtr to 31/12 would have been on the chopping block and also raises the question about the $100,000 payment.
We also had an update in November however no mention of cash issues!
Now, I cannot believe they could run a Company that close to the wind so presume I have missed something simple. Happy to be called an idiot of so. Anyone?
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